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Permanent MR with 24 years remainingâ $218K net profit â no set office hours | Resort Brokers ID : MR008415
$2,050,000
Permanent Management Rights, SURFERS PARADISE QLD
Premium permanent management rights located in Surfers Paradise, with no set office hours providing a great work-life balance, combined with long-term 24-year agreements, and a supportive committee.
The caretaking agreement has manageable duties and could be undertaken by one person with a generous body corporate salary of $155,300 and no set office hours.
The renovated manager's unit boasts two bedrooms, two bathrooms, and a marina berth.
- 24-year agreement term + supportive committee
- Low-maintenance duties - light one-person workload
- Luxuriously renovated 2-bed + 2-bath manager's unit
- Generous Body Corporate Salary - $155,300
- No set office hours for a relaxed lifestyle
- Prime residential complex nestled between Surfers Paradise and Broadbeach
- Upside via taking on window cleaning/ lawn mowing
- Resort amenities - tennis court, cinema, gym, spa, sauna, heated pool, private marina
- Inspection by appointment only
Date updated: 20 Apr 2025 23:00:02
More Information
- Total Purchase Price: $2,050,000
- Net Income: $ 218,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,050,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?